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submitted 2 months ago* (last edited 2 months ago) by Allonzee@lemmy.world to c/microblogmemes@lemmy.world

Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

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[-] chemical_cutthroat@lemmy.world 90 points 2 months ago

I think the real solution is not to lend on fake money. Tax or no tax, it wasn't taxes that caused the market crash in 2008.

[-] Talaraine@fedia.io 21 points 2 months ago

Thank you. Even if they pass something it will be written by a bureaucratic bean counter and will be riddled with loopholes.

Simply don't allow loans on stocks. Keep it simple.

[-] gandalf_der_12te@lemmy.blahaj.zone 4 points 2 months ago

All money is fake money, though.

[-] explodicle@sh.itjust.works 2 points 2 months ago

The real money is the friends we made along the way who owe us favors.

[-] Maggoty@lemmy.world 2 points 2 months ago

That doesn't work. It's not enforceable.

[-] chemical_cutthroat@lemmy.world 5 points 2 months ago

Not enforceable as a law, but not bailing out those who do it is a great way to put an end to it.

[-] Maggoty@lemmy.world 1 points 2 months ago

I'd rather just have it done than give them another thing they can pressure politicians to bail them out of later.

[-] chaospatterns@lemmy.world -1 points 2 months ago* (last edited 2 months ago)

Then good luck getting a house mortgage because you can't lend based on future income because it's not guaranteed. When I bought my house they incorporated the value of my brokerage account. I wouldn't be able to own a place if they didn't.

With house mortgages it's collateralized against the house, a physical object, but it has only a fake value until it's actually sold because house prices can go up or down.

this post was submitted on 19 Sep 2024
1597 points (96.8% liked)

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